^^ Yes, this is what I meant by “if you meet the stated requirements.” My impression was that perhaps, with freshman grades not counting, your UC/CSU GPA (as per the rogerhub calculator) might make the 3.0 cut for a non-impacted campus like SFSU. But if you’re serious about CA public U’s, run the calculator and see what GPA you would need to get this year in order to make the cut. For OOS students, honors classes don’t count for weighting, only AP’s.
As to the “should I take physics?” question… wouldn’t it be better to retake chemistry? That way you could replace the failing grade rather than just moving on and trying to balance it out.